$2.6M
0.1% of all HIP-3
Crypto perps on HIP-3 dexs on Hyperliquid
Crypto and crypto-index perpetuals listed by builder dexs rather than the core Hyperliquid book. 4 markets, $2.6M open interest, $556K traded in 24h, leverage 5× to 20×.
Open interest
24h volume
$556K
notional
Longs paying
100%
of 4 markets with open interest
Markets
| Market | Deployer | Funding 8h | Mark | Open interest |
|---|---|---|---|---|
| BTCD Bitcoin dominance | Paragon | 0.0380% | $60.65 | $1.1M |
| TOTAL2 Crypto market cap ex-BTC | Paragon | 0.0060% | $1,086 | $870K |
| OTHERS Crypto market cap ex-top 10 | Paragon | 0.0060% | $212.76 | $469K |
| BVIV Bitcoin volatility index | Markets By Kinetiq | 1.5017% | $39.48 | $173K |
Positive funding: longs pay shorts; hourly rate × 8. Markets without a link are below the $1M open-interest and volume gate.
Questions
- How do crypto perps on hip-3 dexs work on Hyperliquid?
- They are HIP-3 markets: a builder stakes 500,000 HYPE, deploys its own dex on Hyperliquid, defines the contracts and publishes the oracle prices. Positions are cash-settled in USDC and funding is paid every hour, like any Hyperliquid perp.
- Which deployers list them?
- Paragon, Markets By Kinetiq.
- What leverage is available?
- 5× to 20× depending on the market; the deployer sets the cap and whether cross margin is allowed.